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, by James O'Toole
Get Free Ebook , by James O'Toole
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Product details
File Size: 7030 KB
Print Length: 592 pages
Publisher: HarperBusiness (February 26, 2019)
Publication Date: February 26, 2019
Sold by: HarperCollins Publishers
Language: English
ASIN: B07BVZ5J62
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Amazon Best Sellers Rank:
#25,340 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
As a student of economics as well as economic history and the history of economic thought this book was of interest once I read the blurb.I am not sure if the author's intent was an ideological demolition job on entrepreneurs who had either a social conscience or a different point of view about success in business particularly if comparison is made with the modern world.After reading this book while trying to give the author the benefit of the doubt, it seems to me that it serves as a warning to would be philanthropic capitalists to avoid following in the footsteps of those who have beaten the path before them and utilize the tried and trusted rules of Anglo-Saxon business practices in order to achieve success and then perhaps become philanthropic in both e r ways.There is no doubt that this is a well researched and well written book for which the author should be praised but there is a significant omission which cannot be overlooked.I refer to the shrinking number of small and medium sized enterprises in the United States and the parallel reduction in competition. This portrayal is at odds with the environment in which a lot of these entrepreneurs worked and because of these factors it is hard to see who the target audience for the book is.In the UK a lot of work has been done on Corporate Governance and I would recommend the work of #DavidGrayson for insights in this area.All in all i think that the author should consider another edition comparing and contrasting his original work with the contemporary situation in the USA. and the UK to give a wider view of the situation.
"O'Toole's new book makes an important contribution to helping us understand the potential and constraints of enlightened capitalism. What distinguishes this well-written book is its focus on the historical record. O'Toole asks: what has actually happened to those companies that were founded or managed by enlightened business leaders? Most were financially successful. However, virtually none of their enlightened business practices proved sustainable. This somewhat hopeful and mostly sobering conclusion emerges from O'Toole's beautifully written portraits of the accomplishments and challenges faced by two dozen enlightened capitalists over the last two centuries, from Robert Owen to Paul Polman. This is business history - and the study of the pursuit of corporate virtue - at its best.
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